Tag: foxconn china plant

Foxconn sees COVID-hit China plant back at full output in late Dec-early Jan -source
5Dec By adminNo Comments
Technology

Foxconn sees COVID-hit China plant back at full output in late Dec-early Jan -source

[ad_1] Apple supplier Foxconn expects its COVID-hit Zhengzhou plant in China to resume full production around late December to early January. Apple supplier Foxconn expects its COVID-hit Zhengzhou plant in China to resume full production around late December to early January, a Foxconn source said on Monday, after worker unrest last month disrupted the world's biggest iPhone factory. The world's largest contract electronics maker later on Monday said revenue in November fell 11.4% year on year reflecting production problems related to COVID-19 controls at the major iPhone factory. "At present, the overall epidemic situation has been brought under control with November being the most affected period," the company said in a statement, adding it has started to recruit new employees ...
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What is behind Foxconn’s iPhone factory China woes?
29Nov By adminNo Comments
Technology

What is behind Foxconn’s iPhone factory China woes?

[ad_1] Mistrust, miscommunication, COVID curbs. When officials from his Chinese village approached Hou last month, urging him to work at the world's largest iPhone factory for at least twice the usual pay, he knew it was risky.Tens of thousands of workers had fled the plant in central China in previous weeks and violent protests had erupted over a COVID-19 lockdown and confusion over hiring bonuses. But Hou, 24, who asked to be identified only by his family name, told Reuters he took the job at the Zhengzhou plant belonging to Foxconn, Apple's biggest iPhone maker, making 70% of iPhones globally. The crisis could cut production for November at the factory by at least 30%, a Foxconn source told Reuters on Thursday, a development that has hit Apple's share price.The plant owned by Taiwa...
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iPhone Crisis! Foxconn’s woes to take bigger toll on giant China plant
25Nov By adminNo Comments
Technology

iPhone Crisis! Foxconn’s woes to take bigger toll on giant China plant

[ad_1] Foxconn's flagship iPhone plant in China is set to see its November shipments further reduced. Foxconn's flagship iPhone plant in China is set to see its November shipments further reduced by the latest bout of worker unrest this week, a source with direct knowledge of the matter said on Friday, as thousands of employees left the site.The company could now see more than 30% of the site's November production affected, up from an internal estimate of up to 30% when the factory's worker troubles started in late October, the source said. The site, which is the only factory where Foxconn makes premium iPhone models, including the iPhone 14 Pro, is unlikely to resume full production by the end of this month, the source added. The world's largest Apple iPhone factory has been grapplin...
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Foxconn jobs windfall! Over 100,000 workers hired in big boost for Apple iPhones
18Nov By adminNo Comments
Technology

Foxconn jobs windfall! Over 100,000 workers hired in big boost for Apple iPhones

[ad_1] Apple supplier Foxconn has hit a hiring target of 100,000 new workers for its Zhengzhou plant in China, financial news outlet Yicai reported on Thursday. Apple supplier Foxconn has hit a hiring target of 100,000 new workers for its Zhengzhou plant in China, financial news outlet Yicai reported on Thursday, a milestone that could ease production pressure at the COVID-hit site.Yicai, citing an unidentified high-ranking staffer at the plant, said Foxconn had received more than 100,000 job applications so far and was ending its latest hiring drive. Foxconn, formally known as Hon Hai Precision Industry, did not immediately respond to a request for comment. The plant, the world's largest iPhone manufacturing facility, has since last month faced staff discontent over government mandat...
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Foxconn working ‘at fastest speed’ to restore vast China plant
10Nov By adminNo Comments
Technology

Foxconn working ‘at fastest speed’ to restore vast China plant

[ad_1] Taiwanese tech giant Foxconn said it was working quickly to resume full production at its giant factory in central China before the crucial holiday season. Taiwanese tech giant Foxconn, a principal Apple subcontractor, said Thursday it was working quickly to resume full production at its giant factory in central China before the crucial holiday season. Foxconn, also known by its official name Hon Hai Precision Industry, is the world's biggest contract electronics manufacturer assembling gadgets for many international brands. Most of its factories are in China, particularly the eastern city of Zhengzhou where lockdowns were imposed last month, in line with Beijing's zero-Covid policy, after a spike in infections. The huge facility of some 200,000 workers -- dubbed "iPhone...
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iPhone SOS! Foxconn Seen Risking 20% Sales Drop in Worst-Case Covid Shutout
8Nov By adminNo Comments
Technology

iPhone SOS! Foxconn Seen Risking 20% Sales Drop in Worst-Case Covid Shutout

[ad_1] Morgan Stanley analysts have put a value on how much revenue is at risk for Foxconn Technology Group if its Zhengzhou operation is unable to ship any iPhones. Morgan Stanley analysts have put a value on how much revenue is at risk for Foxconn Technology Group if its Zhengzhou operation is unable to ship any iPhones for the rest of the year as it battles a coronavirus outbreak. Though deemed unlikely, the worst-case scenario for Foxconn's main listed unit, Hon Hai Precision Industry Co., would result in a 20% shortfall in expected sales for the current quarter, analysts led by Sharon Shih wrote in a research note Nov. 7. That would also entail a 36% drop in revenue from production of Apple Inc.'s iPhone. Foxconn, the Taiwanese manufacturer best known for being Apple's key d...
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China iPhone factory under lockdown quadruples bonuses for workers who stay
1Nov By adminNo Comments
Technology

China iPhone factory under lockdown quadruples bonuses for workers who stay

[ad_1] The world's largest iPhone factory in central China told staff Tuesday it would quadruple their bonuses if they remained at the plant. The world's largest iPhone factory in central China told staff Tuesday it would quadruple their bonuses if they remained at the plant after scores of workers fled a Covid outbreak at the facility. China is the last major economy committed to a zero-Covid strategy, persisting with snap lockdowns, mass testing and lengthy quarantines in a bid to stamp out emerging outbreaks. But new variants have tested local officials' ability to snuff out flare-ups faster than they can spread, causing much of the country to live under an ever-changing mosaic of Covid curbs. Taiwanese tech giant Foxconn's plant in Zhengzhou has been under lockdown since mi...
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iPhone-Maker Foxconn Slams ‘Malicious’ Video of Staff Deaths as Outcry Grows
1Nov By adminNo Comments
Technology

iPhone-Maker Foxconn Slams ‘Malicious’ Video of Staff Deaths as Outcry Grows

[ad_1] Foxconn has denied claims on social media of several deaths from a Covid outbreak at its main iPhone plant in China. Foxconn Technology Group has denied claims on social media of several deaths from a Covid outbreak at its main iPhone plant in China, calling the widely circulated videos “maliciously edited.” The video, posted by a well-known Chinese dissident on Twitter, described the deaths of eight Foxconn workers inside a company-operated dormitory. The clip had attracted more than 27,000 views as of Tuesday afternoon. Similar posts circulated on Chinese social media including Douyin, the local equivalent of TikTok. The iPhone-maker is grappling with mounting concern that a Covid flare-up at its main Zhengzhou plant could hurt production just as Apple Inc. gears up for ...
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